Even by hedge funds’ volatile standards, the past two years have been a sharp reminder of the industry’s capacity to deliver both euphoric highs and acute lows.
Nowhere was this truer than at six firms that ended 2018 among the world’s 20 worst-performing hedge funds but swung back to finish 2019 among the best, according to industry figures compiled by HSBC.
Sean Scott, partner at asset management consultancy MJ Hudson, said: “If you’re a global macro fund and you had long bias in your portfolio, you would have ridden the wave of equities during 2019.
MJ Hudson works with clients in the fields of law, international administration, fund management, investment advisory, and IR and marketing, across both alternative and traditional asset classes.Gresham House Strategic PLC (LON:GHS) has a 1.3% ownership of MJ Hudson as of June 2018.